Trend Micro

(TMIC)

soared and

McAfee

(MFE)

plunged Monday after

Microsoft

(MSFT) - Get Report

chose Trend's antivirus software for its Hotmail Web email service.

Trend Micro will provide automatic antivirus scanning for Hotmail's 187 million email accounts. The contract is a coup for Trend Micro and a black eye for McAfee, which had previously provided virus protection for the service.

No immediate reason for the switch was offered by the companies involved.

Trend Micro rose $3.91, or 7.8%, to $54.39 in early trading Monday, while McAfee fell $2.64, or 9.1%, to $26.31.